Martin Wolf in the FT

Mark Jones jones118 at lineone.net
Tue Apr 18 18:00:57 PDT 2000


Martin Wolf from today's FT [full report on the CrashList, the Slump Site of Record]: "Yet with the world economy showing increasing economic strength, this is the ideal time for a correction. So let us welcome the news of the fall and hope for more to come."

The Ft like almost everyone else except those pinched by margin calls, welcomes the "correction". It is hard to see why, as long as US consumption remains the engine of recovery; the German "recovery" has already run into the sand and Japan is hardly surging.

Mark Jones



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